Synchrony Financial (NYSE:SYF) Shares Purchased by Y.D. More Investments Ltd

Y.D. More Investments Ltd raised its holdings in Synchrony Financial (NYSE:SYF) by 111.5% in the 4th quarter, HoldingsChannel reports. The fund owned 480 shares of the financial services provider’s stock after acquiring an additional 253 shares during the period. Y.D. More Investments Ltd’s holdings in Synchrony Financial were worth $31,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in SYF. National Pension Service increased its stake in Synchrony Financial by 22.7% in the third quarter. National Pension Service now owns 957,758 shares of the financial services provider’s stock valued at $47,773,000 after purchasing an additional 177,051 shares during the last quarter. National Bank of Canada FI increased its stake in shares of Synchrony Financial by 119.0% during the 3rd quarter. National Bank of Canada FI now owns 243,040 shares of the financial services provider’s stock valued at $12,123,000 after acquiring an additional 132,047 shares during the last quarter. New Wave Wealth Advisors LLC purchased a new position in shares of Synchrony Financial during the 4th quarter worth about $452,000. Brophy Wealth Management LLC acquired a new stake in shares of Synchrony Financial in the third quarter worth approximately $544,000. Finally, Principal Financial Group Inc. grew its holdings in Synchrony Financial by 2.2% in the third quarter. Principal Financial Group Inc. now owns 487,720 shares of the financial services provider’s stock valued at $24,327,000 after purchasing an additional 10,294 shares during the period. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Analyst Ratings Changes

SYF has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised shares of Synchrony Financial from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $59.00 to $72.00 in a research note on Monday, December 9th. Morgan Stanley raised Synchrony Financial from an “underweight” rating to an “overweight” rating and increased their target price for the stock from $40.00 to $82.00 in a research report on Thursday, December 19th. Keefe, Bruyette & Woods boosted their price target on Synchrony Financial from $62.00 to $82.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Wells Fargo & Company upgraded Synchrony Financial from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $60.00 to $85.00 in a report on Tuesday, December 3rd. Finally, Robert W. Baird set a $62.00 target price on Synchrony Financial in a report on Thursday, October 17th. Seven investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.30.

Insider Buying and Selling at Synchrony Financial

In other news, insider Jonathan S. Mothner sold 34,163 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $64.99, for a total value of $2,220,253.37. Following the completion of the sale, the insider now owns 127,587 shares of the company’s stock, valued at approximately $8,291,879.13. The trade was a 21.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.33% of the stock is currently owned by insiders.

Synchrony Financial Stock Up 0.4 %

Shares of Synchrony Financial stock opened at $68.15 on Friday. Synchrony Financial has a 1-year low of $38.03 and a 1-year high of $70.93. The company has a market capitalization of $26.53 billion, a PE ratio of 7.98, a P/E/G ratio of 0.76 and a beta of 1.63. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.24 and a quick ratio of 1.25. The business has a 50-day moving average of $67.15 and a 200-day moving average of $57.81.

Synchrony Financial (NYSE:SYF) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.02. Synchrony Financial had a return on equity of 18.30% and a net margin of 15.36%. As a group, equities analysts forecast that Synchrony Financial will post 7.08 EPS for the current fiscal year.

Synchrony Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be paid a $0.25 dividend. The ex-dividend date is Monday, February 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.47%. Synchrony Financial’s dividend payout ratio (DPR) is presently 11.71%.

Synchrony Financial Company Profile

Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It provides credit products, such as credit cards, commercial credit products, and consumer installment loans. The company also offers private label credit cards, dual co-brand and general purpose credit cards, short- and long-term installment loans, and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts, and sweep and affinity deposits, as well as accepts deposits through third-party securities brokerage firms.